We're back for a recap of how the year commenced for the Crypto Autopilot. As always, you can find week by week details in the “insights” panel in the app. 📊
And if you're looking for a Valentine’s Day or Chinese New Year gift 🧧 that can grow alongside your relationship, remember that 🎁 you can gift Bitcoin or an Autopilot balance to your loved ones easily.
🛫 January saw the crypto markets somewhat “stabilize” on a high plateau a little after the crazy fourth quarter of 2020.
1.The total market cap of crypto had gone from around €287 Billion in early October to over €800 Billion in early January, oscillating around that number for most of the month to finally close January 27.2% higher than where it started.
2.Altcoins performed well overall as the total market cap of crypto excluding Bitcoin grew by 63.53% in January. And Bitcoin’s dominance (share of the total value of all crypto), which was at its highest for the past 12 months on January 4, 2021 has come back down to the levels of mid-Q4 2020, as altcoins caught up.
3.Bitcoin, which started the month at around €23,911.68, hit its highest point at €33,526.13 on January 10, then spent the month moving within that band. Ending the month at €27,309.78, or 14.21% higher than where it started.
📈 The Crypto Autopilot Performance
The ₿ - denominated performance for the month was 7.07%; meaning that our diversification strategy beat a strategy of holding Bitcoin alone for the month. When it comes to the 💶 -denominated performance, it was 21.24%.